Planned Giving Opportunities
To learn more about making a planned gift
to OSF St. Francis Hospital, please click on the appropriate link below:
Bequests
 Many grateful families, friends and
former patients have provided for OSF St. Francis Hospital as part of
their estate. Bequests enable the medical center to provide the best
possible care for the individuals we serve.
Benefits of Bequests:
- The ability to designate a specific
dollar amount or percentage of the net proceeds of the estate
- The ability to name OSF St. Francis
Hospital as a secondary beneficiary, leaving the bulk of your assets
to your family
- Reducing or avoiding federal estate
taxation
Suggested language for Bequests:
“I give to OSF HealthCare Foundation, a
not-for-profit corporation, for the benefit of patients at OSF St.
Francis Hospital, located at 3401 Ludington St., Escanaba, MI, the sum
of $________, or ____% of my residuary estate, (and/or if property is
given, describe same), for its general use and purposes.”
* Please call our office at 906-786-5707,
ext. 5513, if you need further information or are interested in
designating your bequest to a specific program.
Charitable Gift Annuities
A charitable gift annuity is a wonderful
way to support OSF St. Francis Hospital while simultaneously receiving a
fixed income during the income beneficiary's lifetime.
Benefits of Charitable Gift Annuities:
- Receiving a lifetime payment
- Avoiding capital gains taxation
- Qualifies for charitable income tax
deduction
Determining the right plan for you
depends on a number of factors including your age, income needs and
financial objectives. Please call the OSF St. Francis Hospital
Foundation at (906) 786-5707, ext. 5513, to discuss if a Charitable Gift
Annuity is right for you.
Charitable Remainder Trusts
By creating and funding a charitable
remainder trust, you can make a significant future gift while you and/or
a beneficiary (or beneficiaries) designated by you, receive annual
income.
Benefits of Charitable Remainder Trusts:
- Provides income for you or a
designated beneficiary
- Avoiding capital gains taxation
- Qualifies for charitable income tax
deduction
Determining the right plan for you
depends on a number of factors including your age, income needs and
financial objectives. Please call the OSF St. Francis Hospital
Foundation at 906-786-5707, ext. 5513, to discuss if a Charitable
Remainder Trust is right for you.
Life
Insurance
 When making a life insurance gift to the
OSF St. Francis Hospital Foundation you may contribute an existing life
insurance policy that your family no longer needs or you may establish a
new policy with the OSF St. Francis Hospital Foundation named as owner
and beneficiary.
When you give an existing policy, you may
qualify for a charitable income tax deduction based upon the cash
surrender value of the policy on the date of the contribution. For new
policies, you may deduct the amount of your premium payment as long as
it is provided directly to the OSF St. Francis Hospital Foundation.
Benefits of Gifting Life Insurance:
- Advantageous tax deductions
- Ability to make a contribution without
other assets
- Can be used to replace the value of
assets or other property contributed to the OSF St Francis Hospital
Foundation
Determining the right plan for you
depends on a number of factors including your age, income needs and
financial objectives. Please call the OSF St. Francis Hospital
Foundation at 906-786-5707, ext. 5513, to discuss if gifting life
insurance is right for you.
Retirement Assets
Gift of retirement assets (i.e., IRAs,
401(k), 403(b) accounts) is a great way to fulfill your philanthropic
objectives.
Benefits of Gifting Retirement Assets:
- Avoiding income tax; the income of the
retirement asset will be taxed at the income tax rate of your
beneficiaries
- Reducing or avoiding federal estate
taxation
- Avoiding state inheritance tax (varies
by state)
- The ability to name the OSF St.
Francis Hospital Foundation as a secondary beneficiary, leaving the
bulk of your assets to your family
Determining the right plan for you
depends on a number of factors including your age, income needs and
financial objectives. Please call the OSF St. Francis Hospital
Foundation to discuss if gifting Retirement Assets is right for you.
Appreciated Securities
A gift of long-term appreciated
securities is frequently the most economic way for supporters to make a
charitable contribution.
Benefits Include:
- Increasing the size of your gift while
lowering your net-after-tax cost
- Eliminating capital gains on the
appreciation of your shares
- Being eligible to receive a charitable
income tax deduction for the full fair market value of your shares
- Making an immediate impact upon the
lives of some of our most deserving patients
Appreciated Securities Can Be:
- Given annually or as a one-time
contribution
- Used to establish a planned giving
vehicle such as a charitable gift annuity or charitable remainder
trust
- Used to create a permanent fund at the
OSF St. Francis Hospital Foundation to honor a friend or member of
your family
Our staff is available to work with you
and your advisors in confidence—and without obligation—to help you
determine the best options for accomplishing both your personal and
philanthropic goals. For further information, please call the OSF St.
Francis Hospital Foundation office at 906-786-5707, ext. 5513.
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